Global Net Lease, Inc. $GNL Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lowered its holdings in Global Net Lease, Inc. (NYSE:GNL) by 21.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,698 shares of the financial services provider’s stock after selling 8,624 shares during the quarter. IFM Investors Pty Ltd’s holdings in Global Net Lease were worth $239,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GNL. Exchange Traded Concepts LLC grew its holdings in Global Net Lease by 8.7% in the 2nd quarter. Exchange Traded Concepts LLC now owns 207,484 shares of the financial services provider’s stock valued at $1,567,000 after buying an additional 16,607 shares during the period. Arlington Trust Co LLC purchased a new stake in Global Net Lease in the 2nd quarter valued at about $32,000. Strs Ohio purchased a new stake in Global Net Lease in the 1st quarter valued at about $302,000. Intech Investment Management LLC grew its holdings in Global Net Lease by 15.8% in the 1st quarter. Intech Investment Management LLC now owns 156,334 shares of the financial services provider’s stock valued at $1,257,000 after buying an additional 21,372 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Global Net Lease by 10.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,109,971 shares of the financial services provider’s stock valued at $8,924,000 after buying an additional 102,173 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on GNL. KeyCorp raised Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a research report on Tuesday, August 19th. Wall Street Zen raised Global Net Lease from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. JMP Securities reissued a “market outperform” rating and set a $9.00 price target on shares of Global Net Lease in a research report on Thursday, June 12th. Finally, Colliers Securities raised Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.20.

Insiders Place Their Bets

In related news, CEO Edward M. Jr. Weil sold 150,000 shares of the firm’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $7.61, for a total transaction of $1,141,500.00. Following the completion of the sale, the chief executive officer directly owned 584,053 shares of the company’s stock, valued at $4,444,643.33. This trade represents a 20.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by corporate insiders.

Global Net Lease Price Performance

Shares of NYSE:GNL opened at $8.09 on Wednesday. The business has a 50 day moving average price of $7.61 and a 200 day moving average price of $7.63. Global Net Lease, Inc. has a twelve month low of $6.51 and a twelve month high of $8.85. The company has a market cap of $1.79 billion, a price-to-earnings ratio of -5.61 and a beta of 1.22. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90.

Global Net Lease (NYSE:GNL) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. Global Net Lease had a negative return on equity of 9.71% and a negative net margin of 43.75%.The firm had revenue of $124.91 million during the quarter, compared to the consensus estimate of $138.38 million. Research analysts predict that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Friday, July 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.76 annualized dividend and a yield of 9.4%. Global Net Lease’s payout ratio is currently -52.78%.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.